In layman's words, annuity is described as an investment deal between an investor and an insurance company where the investor enjoys some tax advantages. Adding it to your portfolio of investment can be a very good financial move particularly when you are approaching the retirement age and you do not want to expose your life savings to turbulent fluctuations in market trading. In order to get the best deal however, you need a good annuity advisor to lead you through.
It is always advisable to adopt a conservative approach in investment particularly when one is approaching the retirement age. At this time, the nest-egg reaches its largest possible level and is very vulnerable to market fluctuations. This is why annuity is usually the better option.
The main types of annuities include the variable annuities, fixed annuities, the immediate annuities and value filed annuities and equity indexed annuities. All these are options have significant variations and each can be recommended when the financial goals of the client are considered. It is the job of your consultant to advice you on what can work best for you.
It is the obligation of the advisor to organize his product so that all the requirements put forward by the customer are considered. This is done with the end goal of protecting the client assets and growing them whenever opportunities come by. Not all the products in the market are appropriate for the client and the consultant should always have this in mind.
These specialists ought to urge his customer to try for that venture alternative that is in his best investment and not simply anything. On the other hand, the expert has an obligation to enlighten the customer on the investment vehicle on his or her interest. These specialists are typically expected to stick to professional codes of conduct.
Some practices that should be avoided by any professional advisor in annuity market include using false information to advertise, avoiding and form of misrepresentation of facts when selling the investment products, the issues of defamation, rebating, using bait and switch to make client by what they had not planned for and twists.
In addition to these, these consultants too should completely avoid talking negatively about their rivals, the rival products and character unless there exists official records of civil or criminal nature committed by those rivals. Basically, they should use their energy to promote their products telling the clients how they stand to benefit.
Many consultants prefer not to recommend annuities to their clients once they realize that there is a possibility that insurance company may be having financial difficulties in the future. Annuities are actually the best way to militate against longevity risk. It is the opportunity to protect the client from the financial problems the insurer is facing.
Here are some tips that could help the consultants locate the best option for their clients. Evidence shows that the bigger the insurance firm, the lesser the solvency risks. In addition to this, paying close attention to Fitch, Moodys and S&P ranking can be very helpful. Lastly, it is important to clearly understand the terms of engagement among others.
It is always advisable to adopt a conservative approach in investment particularly when one is approaching the retirement age. At this time, the nest-egg reaches its largest possible level and is very vulnerable to market fluctuations. This is why annuity is usually the better option.
The main types of annuities include the variable annuities, fixed annuities, the immediate annuities and value filed annuities and equity indexed annuities. All these are options have significant variations and each can be recommended when the financial goals of the client are considered. It is the job of your consultant to advice you on what can work best for you.
It is the obligation of the advisor to organize his product so that all the requirements put forward by the customer are considered. This is done with the end goal of protecting the client assets and growing them whenever opportunities come by. Not all the products in the market are appropriate for the client and the consultant should always have this in mind.
These specialists ought to urge his customer to try for that venture alternative that is in his best investment and not simply anything. On the other hand, the expert has an obligation to enlighten the customer on the investment vehicle on his or her interest. These specialists are typically expected to stick to professional codes of conduct.
Some practices that should be avoided by any professional advisor in annuity market include using false information to advertise, avoiding and form of misrepresentation of facts when selling the investment products, the issues of defamation, rebating, using bait and switch to make client by what they had not planned for and twists.
In addition to these, these consultants too should completely avoid talking negatively about their rivals, the rival products and character unless there exists official records of civil or criminal nature committed by those rivals. Basically, they should use their energy to promote their products telling the clients how they stand to benefit.
Many consultants prefer not to recommend annuities to their clients once they realize that there is a possibility that insurance company may be having financial difficulties in the future. Annuities are actually the best way to militate against longevity risk. It is the opportunity to protect the client from the financial problems the insurer is facing.
Here are some tips that could help the consultants locate the best option for their clients. Evidence shows that the bigger the insurance firm, the lesser the solvency risks. In addition to this, paying close attention to Fitch, Moodys and S&P ranking can be very helpful. Lastly, it is important to clearly understand the terms of engagement among others.
About the Author:
When you are looking for information about an annuity advisor, pay a visit to the web pages online here today. You can see details at http://www.russellward.info now.
Aucun commentaire:
Enregistrer un commentaire